The Reserve Bank of India (RBI) has appointed Ravi Shankar as Executive Director (ED) with effect from July 1, 2026, according to a press release issued by the central bank. Shankar, a career central banker with over three decades of experience, will oversee the Department of Statistics and Information Management, a role he previously held as Adviser-In-Charge.
Background and Expertise
Prior to his promotion, Shankar served as Adviser-In-Charge of the Department of Statistics and Information Management. The RBI stated, "As Executive Director, Shri Shankar will look after the Department of Statistics and Information Management." His extensive experience includes work in corporate and banking statistics, government securities market and settlement systems, debt management, and surveys. The RBI highlighted his long tenure, noting, "As a career central banker statistician, Shri Shankar has experience of over three decades in the Reserve Bank."
Committee Contributions
Beyond his regulatory duties, Shankar has contributed to India's economic and data framework by serving on multiple committees and working groups. The RBI stated, "He has also served as member of several committees and working groups relating to macroeconomic statistics and policy issues." This involvement underscores his role in shaping policy through statistical analysis.
Educational Qualifications
Shankar holds a Master's Degree in Statistics from Banaras Hindu University, a Diploma in Development Policy and Planning from the Institute of Economic Growth, Delhi, and is a Certified Associate of the Indian Institute of Banking and Finance (CAIIB). These qualifications support his expertise in statistical and financial domains.
Impact of Appointment
Shankar's appointment ensures continuity in the management of critical data and statistics functions at the RBI. His deep institutional knowledge is expected to strengthen the central bank's data-driven policy decisions. The RBI's announcement confirms his portfolio, maintaining stability in the department's leadership.
